How to cite:
Wang, M.; Liang, Y.; Chen, W.; Li, X. Analysis of the Quantity and Average Age of Copper in-Use Stock in the U.S. from 1985 to 2014. Preprints2017, 2017050213 (doi: 10.20944/preprints201705.0213.v1).
Wang, M.; Liang, Y.; Chen, W.; Li, X. Analysis of the Quantity and Average Age of Copper in-Use Stock in the U.S. from 1985 to 2014. Preprints 2017, 2017050213 (doi: 10.20944/preprints201705.0213.v1).

Cite as:

Wang, M.; Liang, Y.; Chen, W.; Li, X. Analysis of the Quantity and Average Age of Copper in-Use Stock in the U.S. from 1985 to 2014. Preprints2017, 2017050213 (doi: 10.20944/preprints201705.0213.v1).
Wang, M.; Liang, Y.; Chen, W.; Li, X. Analysis of the Quantity and Average Age of Copper in-Use Stock in the U.S. from 1985 to 2014. Preprints 2017, 2017050213 (doi: 10.20944/preprints201705.0213.v1).

Abstract

With the increasing of copper consumption, the in-use stock of copper tends to increase. This paper used the “average use life method” to quantify the amount of copper in-use stock, and calculated the average age of in-use stock. It was indicated that the total in-use stock had an overall smooth trends, and reached its peak in 2007 was about 68.9 Mt (million tons), in addition, in-use stock per capita reached its peak, 234 kg/capita in 2001. The results demonstrated that during the period 1992-2002, the average age of copper in-use stock was continually decreased, but gradually increased since the year 2003. The fixed assets depreciation method used in this paper is applied to analyze depreciated copper in-use stock, and to analyze the relationship with economic indicator (GDP). It was demonstrated that it was inconsistent with the theory of Environmental Kuznets Curve (EKC) before 2000, this might be the demand for copper in the service sector is greater than the reduced strength of alternatives. Finally, scenario analysis of future copper in-use stock and depreciated copper in-use stock per capita in the U.S. were presented. The corresponding average age of the in-use stock will have a slight rise in the next decade.

Subject Areas

copper; in-use stock; average age; average use life method; fixed assets depreciation method

Copyright:
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